by The Prepacked Chromatography Columns Market is estimated to be valued at US$ 307.6 Mn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Prepacked chromatography columns are prepacked with sorbent materials like resins used for separation, purification and analysis of biomolecules. They are ready to use as plug-and-play columns, saving time during chromatographic separations. They find wide applications in purification of proteins, peptides, nucleic acids, small molecules and more in biopharmaceutical industry.
Market key trends:
One of the major trends driving the growth of prepacked chromatography columns market is increasing demand from biopharmaceutical industry. Biopharmaceutical firms are extensively using these columns for downstream purification of mAbs, vaccines and other bio-therapeutics. The potential to effectively separate and purify complex biomolecules with flexible bed volumes is fueling their adoption. Furthermore, development of advanced prepacked columns with wide operating pH ranges, customized pore sizes and tunable chemistries suitable for each purification step is expanding their application scope in bioprocess workflows. This is positively impacting the market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: The Prepacked Chromatography Columns Market has moderate threat of new entrants due to high technological requirements and capital investment needed. However, lack of patent protection and availability of generic options provide opportunities for new players.
Bargaining power of buyers: The bargaining power of buyers is high as there are numerous established global players providing prepacked chromatography columns. Buyers can negotiate on price and procure products from alternative suppliers.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw material suppliers have to maintain long-term relationships with key manufacturers for continuous supply. However, switching costs are low.
Threat of new substitutes: The threat of substitutes is low as prepacked chromatography columns have unique applications and there are no close substitutes. However, continuous technology innovations may lead to new product developments.
Competitive rivalry: The market is highly competitive with presence of numerous global and regional players. Key players focus on new product launches, mergers & acquisitions and expand regional footprint to gain competitive advantage.
SWOT Analysis
Strength: Prepacked chromatography columns offer benefits like consistency, wider applications, reduced processing time and ease of purification process.
Weakness: High costs associated with prepacked columns limits their applications. Changes in column chemistries may impact purification results.
Opportunity: Growing biotechnology and pharmaceutical industries increase demand for separating and purification applications. Emerging economies provide high growth opportunities.
Threats: Stringent regulations associated with manufacturing may increase compliance costs. Supply chain disruptions due to pandemic affect production costs.
Key Takeaways
The global Prepacked Chromatography Columns Market Size is expected to witness high growth, exhibiting CAGR of 7.9% over the forecast period, due to increasing R&D investments in biopharmaceutical industry for drug discovery and development. North America dominates the market currently owing to presence of global key players and increasing biologics production.
The Asia Pacific region is expected to grow at fastest pace during the forecast period driven by expanding biomanufacturing facilities, outsourcing of clinical trials to Asian countries and increasing healthcare expenditure.
Key players operating in the Prepacked Chromatography Columns Market are Thermo Fisher Scientific Inc., Cytiva, Sartorius AG, Repligen Corporation, Merck Millipore, VWR International, Llc. (Avantor), Phenomenex Inc., Agilent Technologies, Inc., Knauer Wissenschaftliche Geräte GmbH, Hawach Scientific Co., Ltd., Purolite, BioServUK Ltd., Astrea Bioseparations Ltd. These players are focusing on new product launches, mergers & acquisitions and regional expansions to gain competitive advantage in the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
